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J.P. Morgan Self-Directed review

Founded 2018 (platform launched as You Invest); entity 1985HQ New York, New York, USAPlatforms Web, Mobile

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No integration. QuantWheel cannot read accounts at J.P. Morgan Self-Directed, so you cannot use it with QuantWheel.

Fee per contract
$0.65 per contract
to open a contract
Exercise and assignment
Free
no fee per event
Approval
Covered
covered calls and cash-secured puts
Margin rate
Not published
on a $50,000 balance
Countries
US citizens and qualifying resident aliens only (no OFAC countries)
from the broker's own pages

What you can trade

From the options agreement

  • 0DTE, not offered
  • Index options (SPX), not offered
  • Options on futures (Not published)
  • Spreads in an IRA, not offered
  • Portfolio margin (Not published)
  • Paper trading (Not published)
  • 24/7 support, not offered

PlatformsWeb, Mobile

Cost to open

Per-contract fee only

One cash-secured put1 contract
$0.65
Ten-lot iron condor40 contracts
$26
Twenty covered calls20 contracts
$13
One turn of the wheelput assigned, call exercised, 2 contracts
$1.30

Exchange fees and per-order minimums are extra where the fee schedule has them.

What J.P. Morgan Self-Directed costs for the way you trade

A year of fees from J.P. Morgan Self-Directed's published prices, checked 7 and 8 October 2026.

How you trade
8
1
$1.20
J.P. Morgan Self-Directed standard price$0.91 a trade, 0.8% of your premium
$87 a year
Among 21 brokers open to residents of the United StatesLowest is Firstrade at $3.67 a year, plus small regulatory fees it does not publish
10th on the fees it publishes

Not counted because J.P. Morgan Self-Directed does not publish them: clearing fee, options regulatory fee, SEC fee, FINRA trading activity fee, live options quote price, platform fee, inactivity fee.

Compare every broker for this pattern

QuantWheel

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No integration. QuantWheel cannot read accounts at J.P. Morgan Self-Directed, so you cannot use it with QuantWheel.

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Fees explained

What each line of the fee schedule means for an options order

J.P. Morgan Self-Directed

$0.65 per contract, charged on each leg. A ten-lot iron condor is 40 contracts, so $26 to open, and the same again if you close it before expiry. Exchange fees and per-order minimums are extra where the fee schedule has them.

No fee per event. An assigned put or an exercised call costs nothing beyond the per-contract fee. Cost to open

The options agreement approves covered calls and cash-secured puts in a margin account. Spreads are not allowed in an IRA. It does not publish whether portfolio margin is offered.

Not published.

What changed at J.P. Morgan Self-Directed

Every fee, term and policy we track, with the day it moved

No change recorded since the last check. A change to a fee or a rule appears here on the day we record it.

Questions people ask

Answered from the documents above

J.P. Morgan Self-Directed

No; QuantWheel cannot read accounts at J.P. Morgan Self-Directed. Connect J.P. Morgan Self-Directed

$0.65 per contract, and no fee per exercise or assignment, from the fee schedule checked 8 October 2026. Exchange fees are extra. Compare fees across brokers

0DTE trading is not allowed. Index options such as SPX are not offered. The options agreement approves covered calls and cash-secured puts in a margin account. Brokers for 0DTE

US citizens and qualifying resident aliens only (no OFAC countries), according to J.P. Morgan Self-Directed's own pages. Check with J.P. Morgan Self-Directed before you open an account. Brokers by country

Facts from J.P. Morgan Self-Directed's own fee schedule and options agreement, checked 8 October 2026.